Government has approved twenty one proposals of Foreign Direct Investment amounting to over 280 crore rupees. The FDI proposals were approved based on recommendations of the Foreign Investment Promotion Board, FIPB in its meeting held on 30th April. FDI proposals under approval route are cleared by the FIPB. However, those proposals involving investment of more than 3,000 crore rupees are given final clearance by the Cabinet Committee on Economic Affairs. The proposal of pharma firm La Renon Healthcare to invest 100 crore rupees in a brownfield project has been cleared. The inter-governmental panel also cleared Blue Dart Express's proposal to acquire shares in Blue Dart Aviation Ltd and hike shareholding to 74 per cent from 49 per cent. The FIPB has, however, deferred 12 proposals including that of Kotak Bank for increasing the aggregate foreign investment limit in the bank to 55 per cent.